Electric car sales in UK flatline, prompting calls for VAT cut

Stalled growth in electric vehicles comes despite government goal to phase out petrol, diesel and hybrid vehicles by 2035The number of new cars registered in the UK has jumped by nearly 18% but electric vehicle demand is flatlining, prompting the industry to call for a VAT cut to stimulate sales.Annual figures released by the Society of Motor Manufacturers and Traders (SMMT) on Friday show 1.9m new cars were registered last year, well up on the previous year's figure of 1.6m and the highest level since the 2.3m registrations of 2019. Continue reading...